Yik Chi Theatre, Tiu Keng Leng. Considering the opened windows and movie posters on the wall, the theatre was likely still operating at the time of this photo. However, my second thought is that the posters are old, and upstairs have been converted to living quarters.
Source: uwants.com - post #4892 by user 4rex - http://www.uwants.com/viewthread.php?tid=14833421&page=327#pid231868993